Ann: Change in substantial holding, page-14

I agree … ‘don’t shoot the messenger’ - Simon’s reputation intact with me
… and here’s a flashback to just one month ago (24/05/24) and an excerpt from Barry Fitzgerald’s relevant media story:
https://hotcopper.com.au/posts/73998321/single

… “The question on many lips is will Spartan remain independent given deposits like Never and Never, and likely Pepper, don’t come along all that often.
It has been in M & A sights before (Westgold), and regional players include the acquisitive Silver Lake and Ramelius.
They all had a chance to move earlier at lower levels. But then again, if Dalgaranga continues to shape up as a long-lived gold producer of high-grade gold, it is anybody’s guess.

What is known is that any M & A action would have to start at $1-plus.
We know that because of a phone chat Lawson had earlier in the week with John Hodder from private equity resources fund Tembo Capital, a long-term backer of Spartan.

Hodder stepped down from the Spartan board recently, prompting talk that maybe Tembo’s time on the Spartan register with a holding of about 15% was also up, as PE firms are want to do when they’ve made a killing.

But Lawson relayed that Hodder told him that he is not interested in selling for less than $1 a share.
As it is, Spartan shares have been holding up nicely this week thanks to the news of the extensional high-grade hits at depth at Pepper (including 14.73m at 11.42g/t from 553.73m, including 4.37m at 36.8g/t.)…”